Ethereum News Archives - Cryptolifedigital

Vitalik Buterin Reveals Concerns about ETH Staking Protocol, Cardano’s Charles Hoskinson Expresses Amazement

3Jul

By OLAJIDE SAMUELNo Comments

Cardano

Vitalik Buterin Reveals Concerns about ETH Staking Protocol, Cardano’s Charles Hoskinson Expresses Amazement

In a recent episode of the Bankless Podcast, Vitalik Buterin, the lead creator of Ethereum, made a surprising revelation about his approach to staking his ETH holdings. Buterin disclosed that he only takes a small portion of his ETH, citing safety concerns with the Ethereum staking protocol. Buterin Express Half trust on ETH staking, Hoskinson reacts Since its inception in 2015 as a proof-of-work (PoW) network, Ethereum made the transition to a proof-of-stake (PoS) consensus mechanism in 2022. This shift allowed users to stake their native token, ether (ETH), to earn rewards. However, Buterin expressed reservations about fully trusting the ETH staking process due to certain safety issues, particularly the risk of wallet key exposure. Read Also: Shiba Inu (SHIB) Shows Neutral Sentiment...

Canadian Asset Manager 3iQ Partners with Coinbase to Launch Ether Staking Program for Retail and Institutional Investors

30Jun

By OLAJIDE SAMUELNo Comments

Ethereum

Canadian Asset Manager 3iQ Partners with Coinbase to Launch Ether Staking Program for Retail and Institutional Investors

Canadian digital asset investment fund manager, 3iQ Corp, has announced a strategic collaboration with Coinbase Global Inc (NASDAQ: COIN) to offer Ether staking through its products. The partnership aims to provide secure and regulated opportunities for retail and institutional investors to earn a yield on their investments. Canadian digital asset investment fund manager to introduce the Ether staking program 3iQ, with over $881 million in assets under management (AUM), plans to introduce the Ether staking program on August 28, 2023. The initiative will be implemented in its products, including The Ether Fund (TSX: QETH.UN, QETH.U) and The 3iQ Ether ETF (TSX: ETHQ, ETHQ.U). This move marks the first Ether staking for exchange-traded products (ETPs) and exchange-traded funds (ETFs) in the...

Ethereum Sees 135,780 New Addresses Popping Up On The Network, Potential Breakouts

10Oct

By CryptolifedigitalNo Comments

Ethereum

Ethereum Sees 135,780 New Addresses Popping Up On The Network, Potential Breakouts

In a recent tweet by the on-chain analytics firm, Santiment Feed, there have been an additional 135,780 new Ethereum addresses recently created making the total wallet previous record of Jan 3rd by 11.1%. https://twitter.com/santimentfeed/status/1579186559483772928 Ethereum Adds New 135,780 Addresses, Santiment Noted Santiment noted; “Ethereum saw a surge of new addresses created Saturday, with 135,780 new $ETH addresses popping up on the network,” Santiment tweeted. “This is 11.1% more network growth than the next highest of 2022 (Jan 3rd). Utility rises commonly foreshadow potential asset breakouts.” Read Also: Zaradar's Terra Classic Re-Peg Proposal Is Finally Out, Terra USD's Price And Tokens Market Cap Spikes However, the Santiment could not explain the reason for th...

Ethereum Now Tops The List Of The Most Staked Crypto Assets

8Oct

By OLAJIDE SAMUEL1 Comment

Ethereum

Ethereum Now Tops The List Of The Most Staked Crypto Assets

The staking platform of the second-largest crypto assets has been receiving massive stakes since the network upgrade. Per the recent news, Ethereum wins the trophy to be one of the most staked crypto assets. Most Staked Crypto Asset The news comes following the successful merge event of the Beacon Chain Consensus Layer incorporated with the Ethereum Execution Layer. Read Also: Gokhshtein Says “XRP [Is] Probably The Only Legitimate Asset [Doing] Well Today,” As It Spikes 70.2% Over The 30 Days, 8% In 24 hours There has been a lot of breakthrough from reporters concerning the merger in favour of the Ethereum network. This announcement is yet another achievement specifically for the smart contract compatible with the blockchain network. Since the whole digital space has ...

A whopping 270,000+ Ethereum Were Sent To Central Exchanges Within The Space Of Two Hours

20Sep

By Cryptolifedigital1 Comment

Ethereum

A whopping 270,000+ Ethereum Were Sent To Central Exchanges Within The Space Of Two Hours

Per Whale Alert, the whale tracking platform, over 270,000 Ethereum has been sent to central exchanges within the space of 2 hours post-merge. Over 20,000 ETH Were Sent To FTX Over 20,000 Ethereum were sent to FTX in the first two transactions. The first transaction sent 12,497 ETH worth $17 million was transferred, followed by 8,426 ETH worth over $11.5 million, just 9 minutes later. Read Also: An Unknown Whale Purchase A Total Of $500 Million Worth Of XRP, XRP Spikes From Its 48-Hour Low To $0.37 At 6% Increase https://twitter.com/whale_alert/status/1572020511747743744 https://twitter.com/whale_alert/status/1572022883815235586 A Whopping 250k Were Sent To Binance Another whooping 250,000 Ethereum worth over $338 million were sent to Binance as stated by Wha...

As The Merge Approaches CME Group Announces The Launch Of Options On the Ether Future

12Sep

By Cryptolifedigital2 Comments

Ethereum

As The Merge Approaches CME Group Announces The Launch Of Options On the Ether Future

As the Ethereum Merge approaches, CME Group, the world’s top derivatives marketplace announces the launch of options on the Ether future. Per the statement of Tim McCourt, the Global Head of Equity and FX Products, CME Group, as Market participants long for the upcoming merge, a potentially game-changing update of one of the largest cryptocurrency networks, interest in Ether derivatives is surging," Read Also: A Top ETH Whale Acquires Over 536.51 billion SHIB From Coinbase And Binance In The Past 24 Hours Tim stated: "The launch of our new Ether options contracts is particularly well-timed to provide the crypto community with another important tool to gain access to and manage exposure to ether. Our new options contracts will also complement CME Group's Ether futures wh...

A Whopping 260,000 ETH Worth $434.18 Million Was Moved To Binance Ahead Of Merge

7Sep

By CryptolifedigitalNo Comments

Ethereum

A Whopping 260,000 ETH Worth $434.18 Million Was Moved To Binance Ahead Of Merge

According to Whale Alert, the cryptocurrency whale tracking platform has closely watched the transaction involving the second largest cryptocurrency in the world. As stated on the official handle of the Whale alert, a massive amount of 260,000 Ethereum was deposited on Binance in the hours leading up to press time. Read Also: A Mysterious Wallet Acquired A Whopping 3.37 Trillion SHIB https://twitter.com/whale_alert/status/1567182144409042948 At the time of the transaction, the total Ethereum moved was worth approximately $434.18 million. The massive movement of Ethereum across exchanges like Binance is because of the Merge that is fast approaching. It is no news that the Ethereum network upgrade is coming up this month as stated by the Ethereum developers. ...

Bellatrix Upgrade Kicks Off Today, Ethereum Merge Around 13th-15th, September

6Sep

By Cryptolifedigital2 Comments

Ethereum

Bellatrix Upgrade Kicks Off Today, Ethereum Merge Around 13th-15th, September

The recent tweet by Ethereum’s founder, Vitalik Buterin, stated the Bellatrix kicks off today while the merge is still expected to come to life around September 13th to 15th. https://twitter.com/VitalikButerin/status/1566993505326710785 Ethereum’s Buterin stated;“The merge is still expected to happen around Sep 13-15. What’s happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important, though – make sure to update your clients!” Recall, The merge road to the mainnet must be activated in two phases which include the Bellatrix, at an epoch height on the Beacon Chain and Paris, upon hitting a Total Difficulty value on the execution layer. Read Also: LEASH Token Is Now Officially Live On BlueBit.io In Addition To Three Oth...

Over 94,000 ETHs Were Staked In A Single Day As Merge Approaches

5Sep

By CryptolifedigitalNo Comments

Ethereum

Over 94,000 ETHs Were Staked In A Single Day As Merge Approaches

According to the WuBlockchain, over 94,000 ETH was staked on the 1st of September, the ATH since May. Although, the data by Oklink put the value at 94,997 ETH at an average price of $1,543.51. The amount of ETH on the Ethereum 2.0 staking contract has now surged to about 13.522 million. Read Also: Cardano's ADA Becomes The First Among 3,870 Largest Crypto In Terms Of Social And Market Activities WuBlockchain tweeted;“On September 1, 94,000 new ETHs were staked in a single day, the largest single-day staked since May this year. At present, the number of staked Ethereum consensus layer contract addresses has increased to 13.522 million, accounting for 11.3%,” https://twitter.com/WuBlockchain/status/1566627079403081728 It is well noted that whenever there is a high stake ...

Binance Adds Support On Ethereum Fork Ahead Of Merge

26Aug

By Cryptolifedigital1 Comment

Ethereum

Binance Adds Support On Ethereum Fork Ahead Of Merge

In a recent announcement, Binance, the largest cryptocurrency exchange added support to the Ethereum fork ahead of the merge. Binance plans to credit users’ accounts with tokens from any forked version of Ethereum developed during the merge. Also, according to Binance, the transaction for ETH and ERC-20 tokens would be put to stop ahead of the merge to secure customer funds. Read Also: SEC Files A 90 Page Reply In Support Of Its 120 Pages Once Filed To Exclude The Testimony Of The Ripple’s Defendant’s Expert Witnesses Binance Adds Support To The Potential Ethereum Fork As stated by the largest crypto exchange, it would allow the ETH ticker for the Ethereum PoS chain and then credit users’ Binance account the forked token from the minority chain at a ratio of 1:1 based on ...